DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Nikunj Ohri - 1 Kim Coghill - 1 Virat Diwanji - 1 Gaura Sen Gupta - 1 Dipanwita Mazumdar - 1 Siddhi Nayak - 1 Swati Bhat - 1 Sonia Cheema - 1
Top related locs:
DELHI NSDL dematerialised MUMBAI BOB.NS India
Top related orgs:
Union Bank of India - 2 State Bank of India - 2 Thomson - 2 HDFC Bank - 1 National Securities Depository - 1 IDBI Bank - 1 National Stock Exchange - 1 Unit Trust of India - 1

Search resuls for: "Union Bank of India"


7 mentions found


☆ HDFC Bank to sell 2% stake in NSDL IPO
  + stars: | 2023-07-09 | by ( ) www.reuters.com   time to read: +1 min
NEW DELHI, July 9 (Reuters) - HDFC Bank (HDBK.NS) will sell a 2% stake in the initial public offering (IPO) of National Securities Depository (NSDL), the lender informed exchanges on Sunday. The lender holds a 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market. In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders. IDBI Bank (IDBI.NS) will sell up to 22.2 million shares, while National Stock Exchange will sell 18 million shares it owns in the depository. Union Bank of India (UNBK.NS) will sell 5.62 million shares, and State Bank of India(SBI.NS), and Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) will sell 4 million and 3.4 million shares, respectively.
Persons: Nikunj Ohri, Kim Coghill Organizations: HDFC Bank, National Securities Depository, IDBI Bank, National Stock Exchange, Union Bank of India, State Bank of India, Unit Trust of India, Thomson Locations: DELHI, NSDL, dematerialised
☆ About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers
  + stars: | 2023-06-07 | by ( Siddhi Nayak | ) www.reuters.com   time to read: +2 min
MUMBAI, June 7 (Reuters) - About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said. In May, the Reserve Bank of India (RBI) said it would withdraw these high-value notes from circulation and permitted their exchange or deposit until Sept. 30. When announced, the value of these notes in circulation was 3.6 trillion rupees ($43.61 billion), the RBI said. Though the total quantum of notes deposited or exchanged so far is not available, six public and private sector bankers Reuters spoke to said over 80% of the notes received by them have been deposited into accounts. The initial assumption is the overall bank deposit base would increase by at least 1.5 trillion rupees, with SBI contributing 22%-25%, the SBI official said.
Persons: Virat Diwanji, Gaura Sen Gupta, Dipanwita Mazumdar, Siddhi Nayak, Swati Bhat, Sonia Cheema Organizations: Reserve Bank of India, Reuters, State Bank of India, Bank of Baroda, Union Bank of India, Bank of India, Kotak Mahindra Bank, IDFC FIRST Bank, SBI, Siddhi, Thomson Locations: MUMBAI, BOB.NS, India
☆ India inflation seen easing in March on softening food price rises: Reuters poll
  + stars: | 2023-04-06 | by ( Madhumita Gokhale | ) www.reuters.com   time to read: +2 min
Summary Data due at 1200 GMT, April 12BENGALURU, April 6 (Reuters) - India's consumer inflation likely eased in March to 5.80% thanks to softer food price rises, dipping below the Reserve Bank of India's upper tolerance limit for the first time this year, a Reuters poll of economists found. Food inflation, which accounts for nearly half of the overall consumer price basket, is expected to have moderated due to falling vegetable prices, offset in part by surging cereal prices. If realised, this would be the only month this year so far inflation is reported below the 6.00% RBI upper tolerance limit. But with oil prices having surged more than 20% from their recent lows, fuel is likely to push inflation back up again. Inflation was expected to average 5.2% in the current fiscal year, well above the medium-term target of 4.0%, according to a separate Reuters poll.
☆ Adani’s battle with Hindenburg leaves investors sizing up exposure to the global banking sector
  + stars: | 2023-01-31 | by ( Seema Mody | ) www.cnbc.com   time to read: +4 min
Indeed, Indian banks make up 0.6% of the group's sector loans, according to JPMorgan. This may seem low but the total exposure to the Adani Group is still around $9 billion, wrote Saurabh Kumar, an analyst at JPMorgan. Gautam Adani, chairman of Adani Group. Jefferies analyst Prakhar Sharma writes that, for now, the risk to Indian banks is low, saying, "we don't see material risk to the Indian banking sector." Of the seven companies operated by the Adani Group: Adani Green Energy, Adani Power and Adani Ports are sitting on the most net debt, according to analysts.
☆ India's top banks say Adani exposure within RBI limits but remain watchful
  + stars: | 2023-01-27 | by ( Nupur Anand Siddhi Nayak | Nupur Anand | Siddhi Nayak | ) www.reuters.com   time to read: +3 min
MUMBAI, Jan 27 (Reuters) - Some of India's leading public sector banks said on Friday their exposure to the Adani Group was within the limits prescribed by the central bank, assuaging fears of default risks from their exposure to the conglomerate. Public sector banks in India have in the past been hit by massive corporate defaults. The board will take any decision on the bank's exposure to the group only after that, the official said. The Adani Group comprises the flagship Adani Enterprises Ltd (ADEL.NS), as well as Adani Ports and Special Economic Zone Ltd (APSE.NS), Adani Power Ltd (ADAN.NS), Adani Green Energy Ltd (ADNA.NS) and Adani Transmission Ltd (ADAI.NS). For public sector banks, the debt is at 0.7% of total loans and for private banks, it is at 0.3%.
☆ Indian govt to borrow a record 16 trillion rupees in fiscal 2023/24 - Reuters poll
  + stars: | 2023-01-23 | by ( Vivek Mishra | ) www.reuters.com   time to read: +4 min
Gross borrowing next fiscal year is expected to hit 16.0 trillion rupees, up from an estimated 14.2 trillion rupees in 2022/23, according to the median forecast of 43 economists. Predictions were in a narrow range of 14.8 trillion to 17.2 trillion rupees. Even if it is at the lower end of the range, 2023/2024 gross borrowing would easily be the highest on record. Nim estimated repayments for 2023/24 at about 4.4 trillion rupees. India's government will cut food and fertiliser subsidies to 3.7 trillion rupees, more than 25% below the level of around 5 trillion rupees budgeted for 2022/23, the poll found.
☆ India cenbank to start pilot of digital rupee on Nov 1
  + stars: | 2022-10-31 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
FILE PHOTO: A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, April 8, 2022. REUTERS/Francis MascarenhasBENGALURU (Reuters) - The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday, identifying nine banks, including top lender State Bank of India, to participate in the project. Settlements in central bank digital currency would reduce transaction costs, the RBI added. Besides SBI, the pilot will include Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, the RBI said. The central bank’s plans for a currency in digital form comes amid its staunch opposition of cryptocurrencies.
0 next >>
Total: 7